Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.

On today's show, Brent crude rallied to a wartime high, spiking above $126 a barrel, after Axios reported that US President Donald Trump is being briefed on options for new military action in Iran.

Nasdaq 100 futures erased earlier gains that were driven by robust US tech earnings. Alphabet jumped after reporting a clear payoff for Google from its AI spending. But Meta tumbled after announcing another hike in capex. Traders now look ahead to Apple earnings.

Plus, the Federal Reserve held rates in a split vote. Four policymakers dissented.

Today's guests: Ida Lerner, ING, CFO & Stefan Dörfler, Erste Group, CFO. (Source: Bloomberg)